A space to discuss aspects of the Caribbean geology, ore potential of the ophiolite belts, etc.
Thursday, October 3, 2024
https://youtu.be/-wLRAwi934M
Original source: https://shorturl.at/n15X6
The precious metals market, especially gold, is expected to experience a significant "false move" in 2024. Analysts point to a double-directional change, suggesting that while gold prices may start to decline, silver could outperform it. This shift is linked to the turning of the Stochastic indicator, which implies that gold's trend is temporarily weakening. Such moves are often part of a broader market correction, which is necessary before a long-term trend takes hold.
Historically, false moves are seen as part of a market cycle, where prices move counter to the final trend before correcting. The analysis suggests investors should be cautious and watch for further market signals to confirm the direction. While gold’s short-term outlook may seem bearish, silver’s performance could be a more positive indicator as the Silver/Gold Ratio adjusts.
P. Geo. Ricardo A Valls, M. Sc. and Geo Gadfly
Valls Geoconsultant
ORCID ID- https://orcid.org/0000-0002-5421-0914
Scopus Author ID: 7003369619/35335510700
ResearcherID: S-6604-2018
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